lot 11 - Acuitus

www.acuitus.co.uk
lot 11
Burger King & ARC Car Wash, Wellington Avenue
Aldershot, Hampshire GU11 1SD
Rent
Modern Freehold Drive-Thru Restaurant
and Car Wash Investment
£133,100
per annum
exclusive
page 22
• Majority let to Caspian Food Services Limited
with guarantee until 2030 (no breaks)
• Located opposite The Galleries Shopping
Centre
• Part let to Anduff Car Wash Ltd until 2022
with RPI linked rent review in 2017
• Prominent corner position on A323
• On-site parking for approximately 35 cars
www.acuitus.co.uk
lot 11
N
Rent
£133,100
per annum
exclusive
Extract reproduced from the Ordnance Survey mapping with the permission of The Controller of Her Majesty’s Stationery Office
©Crown Copyright 100020449. For identification purposes only.
N
The Property
Location
Miles: 11 miles east of Guildford
20 miles south of Reading
44 miles south-west of Central London
Roads: M3 (Junction 4), A31, A331
Rail:
Aldershot Rail
Air:
London Heathrow, London Gatwick
Description
The property comprises two units; a modern purpose built drive-thru restaurant
and a single storey car wash. The property benefits from on-site parking for
approximately 35 cars.
Situation
The property is situated in a prominent corner location just north of Aldershot
town centre on the northern side of Wellington Avenue (A323), the town’s main
ring road, opposite The Galleries Shopping Centre.
VAT
VAT is applicable to this lot.
Tenure
Freehold.
Tenancy and accommodation
Floor
Use
Ground
Restaurant/
Ancillary
Ground
Car Wash
Totals
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
347.36 sq m
(3,739 sq ft)
CASPIAN FOOD SERVICES 25 years from 14/02/2005 until
£110,000
LIMITED (guaranteed by
13/02/2030 on a full repairing and
Caspian UK Group Limited) insuring lease
(t/a Burger King) (1)
123.83 sq m
(1,333 sq ft)
ANDUFF CAR WASH LTD
(2)
471.19 sq m
(5,072 sq ft)
25 years from 24/02/1997 until
23/02/2022
£23,100
Reviews
14/02/2020 and
14/02/2025
24/02/2017 (3)
£133,100
(1) For the year ending 6th January 2013, Caspian Food Services Limited reported a turnover of £34,809,000, pre-tax profits of £460,000 and a total net worth of
£9,911,000 (Source: www.riskdisk.com 17/04/2014). Caspian UK Group are one of the largest franchisees of Burger King in the UK, with 56 restaurants at present
(Source: www.flame-grilled.co.uk 16/04/2014). Founded in 1954, Burger King is the second largest fast food hamburger chain in the world with 12,600 restaurants
in 83 countries (Source: www.burgerking.co.uk 16/04/2014)
(2)For the year ending 31st December 2012, Anduff Car Wash Limited reported a turnover of £34,170,224, pre-tax profits of £8,645,467 and a total net worth of
£33,776,363 (Source: www.riskdisk.com 17/04/2014).
(3)The 2017 rent review for the Anduff Car Wash Ltd lease is to the greater of RPI or OMRV.
For further details please contact:
Gwen Thomas
Tel: +44 (0)20 7034 4857.
Email: gwen.thomas@acuitus.co.uk
Sandy Hamilton
Tel: +44 (0)20 7034 4861.
Email: sandy.hamilton@acuitus.co.uk
www.acuitus.co.uk
Solicitors:
Solomon Taylor Shaw
3 Coach House Yard, Hampstead High Street,
London NW3 1QF.
Tel: +44 (0)20 7317 8679.
Email: barry@solts.co.uk
Ref: Barry Shaw.
The Special Conditions of Sale and a legal package are available on-line at www.acuitus.co.uk
page 23